Exhibit 3-2 Demand curves

In Exhibit 3-2, the shift in the demand curve from D₁ to D₂ could have been caused by which of the following?

Name: Exhibit 3-2 Demand curves In Exhibit 3-2, the shift in the demand curve from D 1 to D 2 could have been caused by which of the following?
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Question

Exhibit 3-2 Demand curves In Exhibit 3-2, the shift in the demand curve from D₁ to D₂ could have been caused by which of the following?

Quizplus · Accepted Answer

An increase in expected future prices is likely to increase demand in the present, leading to a rightward shift of the demand curve. None of the other choices would lead to a shift in the demand curve in this manner.

Exhibit 3-2 Demand Curves